Sterigenics tightens price on $70 million add-on term loan to par

By Sara Rosenberg

New York, Oct. 18 – Sterigenics-Nordion Holdings LLC revised the issue price on its fungible $70 million add-on term loan to par from 99.75, according to a market source.

Pricing on the loan is Libor plus 300 basis points with a 1% Libor floor.

Jefferies LLC is the lead on the deal.

Commitments are due at noon ET on Thursday, accelerated from noon ET on Friday, the source said.

Proceeds will be used to fund an acquisition.

Sterigenics is a Deerfield, Ill.-based provider of contract sterilization, gamma technologies and medical isotopes.

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